GPRO LONG Target ~ $13I like this pullback here and we'll use a bit larger stop here, a better entry would be around $7.60. But loading up here has good risk/reward as well.
1GPRO trade ideas
GoPro Retrace Offers Chance to Enter LongsAfter yesterdays earnings report this has had a drop premarket but this retrace offers the chance to enter into a long position. The current pre-market price is 9.19 which aligns with previous structure so could be a good entry but 0.382 Fibonacci is lower still so there is a possibility for a further drop. I think any entry below 9.19 is a bonus though and waiting for a lower entry could mean missing out as this could quickly make up for yesterdays losses.
I have been in this trade for a couple of months, the original idea came from Meszaros who is a brilliant author on TradingView. TP is 17.68
GOPRO AnalysisA simple and very clean channel to follow, my analysis shows this will continue based on chart reading and also improving company data releases.
Be mindful of key resistances in the past however I think we will see this stock to continue to rise from what was a very low level during the pandemic.
$GPROrandomly charting stocks and stumbled on this beauty wish I had of caught it sooner... 3 year wedge breakout almost at target ($12) Broke out retested trendline (wedge) and continued!
Go big or $GPROThis looks to have some upward momentum for this week. Closed above 10 EMA and volume up
12%+ short float will be squeezed to 10%Safe bet on gopro before blowout cybermonday sales and new recurring revenue model
They added cash to their balance sheet and now their prospect is safer and there is too much pessimism built into the price.
Bullish
$GPRO Run-up to earnings Feb 4thNASDAQ:GPRO showing a bounded, but upward trend ahead of earnings . Likely will report strong growth and sales from the '20 holiday period, though guidance is uncertain and may depend on the success of the COVID vaccine rollout. As we head into the spring season, if there's a return to outdoor activities, GPRO will do well. Anecdotally, the HERO9 is getting favorable reviews and is well-liked by product owners.
$9.50 is a reasonable price target in the short-term
Overpessimism about to be squeezed.RSI is has 3 higher lows
MACD is consolidating
Companies brand moat of quality has created what people desire most
They are the iphone of adventure durable cameras
12.5%+ short float about to get squeezed -- that is too high for this company
We will look on their balance sheet to see how much cash they have built in to their balance sheet while simultaneously seeing how many users they have subscribed to their new model
They will have then stabilized the company
GPRO accelerating rise.GPRO accelerating rise.
Continuing my analysis, I expect the price movement of GPRO to accelerate in the short term. The accelerating momentum can withstand a level of 11.56usd. Then a short correction and then the rise continues. The GPRO target price is 17.67usd.
GPRO Chart for ChartGuys member NightCommando
Monthly and weekly uptrend. Anything over 6.38 is a weekly higher low and will maintain the weekly uptrend. Declining bear volume on weekly. I'd be watching the daily inside bar to see if it breaks bearish for continued weekly consolidation. Bulls would like to see the weekly 12ema hold and form a higher low compared to 6.38 and higher high over 9.17 to continue uptrend or higher low and lower high to form an equilibrium. After 9.17 next resistance is 10.73 from a weekly lower high on October 31 and then 11.89.
Need to be on watch for broader market weekly consolidation though.
GPRO LONG target above $9You could instead sell short term puts (what I did) gives a decent annualized return, yet if we get assigned it's same as going long.
Cheers!
GPRO was at 2?! lmao why did no one tell me about this earlier. smh :D i have one and love using it when i do something outdoors. great product, over 10/12 resistance zones we can see a huge impulse over 20! the question is will this go 12-50 like my JMIA long? hmmm. i may grab some shares over 10 resistance and find out haha. gl! and ty for the request <3
GPRO before 100% increase.GPRO before 100% increase. GPRO stocks could start an exponential rise. This is based on local bases affecting the exponential curve as evidence. The analysis also shows that the motion retested the upper level of the D1 ATR (white square) (8.48 usd). My assumption is that the exchange rate will start to rise strongly from the level of 8.48 usd. The target price for the rise is 17.67 usd.
Go Pro Looking Very BullishBased on my tech anaysis for go pro you can clearly see it passing through a diagnal resistance line thats been holding go pro up since the start of the company. It has passed through and has even done a retest on the resistance line which has now turned support, also giving the company 6 green days in a row!!!! Making this a very bullish chart
New target levels for GoPro..!Possible move: 23-87%
Reward/Risk: 1-4.4 (R/R>3 is Ideal)
Time frame: 1-4 wks
This is just my technical view, not a fundamental comment..!
I can make you confused you by a crowded messy chart, but I would rather simple effective presentations..!
$GPRO Flop I don't have much to say about this.
Small position @ $6.84
Taking Profits @ 15% ($7.88)
Cutting Loss @ -10% ($6.13)
This was a disaster stock But maybe it's time for shopping?Go Go Go GPRO
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this is not a trading advice
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$GPRO Blow out Earnings from GoPro
Already made a major move but we could see much higher levels
in the days to come.
Major turnaround story in the stock.
$10.00 would be a major win for the Bulls.
Earnings Details
GoPro (NASDAQ:GPRO): Q3 Non-GAAP EPS of $0.20 beats by $0.14; GAAP EPS of $0.02 beats by $0.09.
Revenue of $280.51M (+113.9% Y/Y) beats by $61.11M.
Adjusted EBITDA of $39.18M vs. consensus of $15.2M.
"In Q3 2020, our direct-to-consumer and subscription-centric strategy expanded margin, increased subscribers and significantly lowered our operating expenses, resulting in GAAP and non-GAAP profitability. This approach is also enabling efficient working capital management as we drove DSO's down 25% sequentially, lowered channel inventories and reduced our own investments in inventory," said Brian McGee, GoPro CFO and COO.
Bullish flag.Gopro has bullish flag on its chart. Volume seems to go down the flag as well. With earnings on Nov 5 could see it break out by the end of the week. Not a financial advisor.
